Bullboard - Stock Discussion Forum Orea Mining Corp OREAF

Metals & Mining Gold

Orea Mining Corp. is a Canada-based gold exploration and development company. The Company’s principal business activities are the acquisition, exploration and development of resource properties. In French Guiana, Orea holds a major interest in the world-class Montagne d’Or mine development project. The Montagne d’Or project is situated in western French Guiana and is comprised of over two... see more

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Orea Mining Corp > Last paragraph is interesting.

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Post by phoenix_trader on Mar 03, 2022 10:50am

Last paragraph is interesting.

For the authorities, “it’s very much a judgment call,” she added.

It’s unclear whether Mordashov’s transfer to his wife was related to the war. The shift in control would have been initiated before the billionaire was sanctioned.

It was the second major intra-family stake shuffling in recent months. Mordashov’s sons, Nikita, 21, and Kirill, 22, ceded their control of Nordgold in December. That reversed his transfer of a combined 65% stake to them in 2019, in what was the beginning of a lengthy succession plan.

The billionaire also took control of his sons’ TUI holdings in December, revoking another 2019 share transfer that aimed to give his children asset management and business experience.